For businesses in Rwanda aiming to join Bancoli to streamline their financial operations and global payments, the verification process is an essential step. It requires business documents that play a key role in complying with U.S. banking regulations.
The list below is tailored to help you understand the required documents and the type of information each document should contain in order to be accurately identified.
Important Note: We strongly recommend that you consult with legal counsel in your jurisdiction to ensure that you obtain the exact documents required for your specific business structure and location.
Legal Formation and Identification Documents
Initially, you will encounter a field requesting a "Certificate of Registration, Certificate of Incorporation, Certificate of Formation, Certificate of Organization, or a similar official document." Below are details for this fields options tailored to your jurisdiction:
- Certificate of Incorporation (Certificat d'Incorporation): Often issued by the Rwanda Development Board, this document is foundational for establishing your business's legal identity in Rwanda. It includes crucial details such as the company's name, purpose, shareholders, and capital structure.
Operational and Governance Documents
Second, you will find a field that requests "Operating Agreement, Corporate Bylaws, Partnership Agreement, Articles of Incorporation or Organization." Below are details tailored to your jurisdiction:
- Articles of Association (Statuts): Serving a similar function to Corporate Bylaws or an Operating Agreement, these documents detail the company's governance structure, decision-making processes, roles of directors and officers, and distribution of profits among shareholders.
- Operating Agreement, Corporate Bylaws, Partnership Agreement, Articles of Incorporation or Organization: These internal documents vary based on the business structure, detailing ownership distribution, management structures, and operational guidelines, crucial for corporations or partnerships.
Proof of Physical Business Address
Third, you will find a field that requests "Physical business address (e.g., utility bill, credit card bill, bank statement dated within the last 3 months)." Below you will find more detail:
- Utility Bill, Credit Card Bill, Bank Statement: To establish the physical location of the business in Rwanda, a recent document such as a utility bill, credit card bill, or bank statement is required. It must reflect the company's name or that of a legal representative and match the registered business address, serving as proof of the company's operational presence within Rwanda.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.